$ 144.3 US Million Deficit for 4 Months
The deficit of the foreign trade turnover of Azerbaijan totaled $ 144.3 million US in the first four months of 2016. Meanwhile, foreign trade balance had a surplus with amount of $ 867.2 US million in the same period in 2015. According to the State Statistic Committee of Azerbaijan, in January-April this year the volume of export-import operations with 152 countries comprised $ 5 billion 44 million US, a decline... Read More

Azerbaijan Economy in 2014
Decline of oil price in the world market was the main character of Azerbaijan economy in 2014. As an oil exporter country, Azerbaijan might face the effects of a sharp fall in oil revenue after oil price decline in the world market. Azerbaijan is heavily dependent on oil and natural gas export revenues. In fact, 2014 was somehow successful for Azerbaijan economy since the country was able to reserve growth in the almost... Read More